Lido Finance, the Ethereum staking protocol, has responded to allegations that hackers exploited a security flaw in the token contract of Lido DAO (LDO). Despite the existence of the flaw, Lido Finance assures users that both the LDO and staked-Ether (stETH) tokens remain secure and unaffected. While Lido Finance did not confirm any specific exploits,
Ethereum
Scaling the Ethereum ecosystem has been a critical challenge, but the development of zero-knowledge (ZK) proof solutions has provided promising solutions. However, the introduction of proto-danksharding is expected to significantly reduce the cost of rollups, bringing further scalability improvements. In an exclusive interview with Cointelegraph Magazine, Nicolas Liochon, the Head of zkEVM Linea at Consensys,
In a shocking revelation, the Federal Bureau of Investigation (FBI) has identified the North Korean Lazarus Group as the mastermind behind the recent $41 million hack of crypto gambling site Stake. This notorious cybercrime organization has a long history of carrying out sophisticated attacks, and the FBI has linked them to over $200 million in
As the digital world continues to evolve, privacy has become one of the most significant concerns for individuals conducting financial transactions online. With the rise of cryptocurrencies and blockchain technology, achieving privacy in these transactions has become increasingly challenging. However, Ethereum co-founder Vitalik Buterin, in collaboration with other researchers, has recently published a groundbreaking research
Global payments processor Visa continues to enhance its stablecoin offering, with recent support for USD Coin (USDC) payments settled on the Solana blockchain. This development demonstrates Visa’s commitment to adopting digital currencies and blockchain technology to improve the efficiency of cross-border settlements and bridge the gap between traditional finance and Web3. Visa has been actively
The withdrawals were made from Stake.com contracts to an account identified as “Stake.com Hacker” by Etherscan. This alarming discovery suggests that a stolen private key may be at the center of this large-scale theft. The blockchain data reveals a series of substantial transfers, beginning with $3.9 million in Tether (USDT) and followed by 6,001 Ether
Ethereum staking services have recently reached a consensus, agreeing upon a maximum limit of 22% on all validators. This move is a significant step towards ensuring fair markets within the Ethereum network. By imposing a self-limit rule, at least five Ethereum liquid staking providers, including Rocket Pool, StakeWise, Stader Labs, and Diva Staking, are committed
A recent dismissal order by a United States District Court judge has sparked discussions about the legal classification of Ether (ETH). The judge, Katherine Polk Failla, referred to ETH as a commodity while dismissing a class action lawsuit against the decentralized exchange Uniswap. This decision raises important questions about the regulatory framework surrounding cryptocurrencies. Evaluating
Hong Kong has taken a significant step towards fostering a regulated and favorable environment for cryptocurrency trading. With the recent launch of retail trading services by HashKey Exchange, cryptocurrency traders in Hong Kong now have access to a locally based exchange. This move comes after HashKey was granted Type 1 and Type 7 licenses by
Circle’s CEO, Jeremy Allaire, has announced that the United States dollar stablecoin, USD Coin, will be launching natively on the Base network in the coming week. This new version will replace the current USD Base Coin (USDbC) that is currently being used by most users. When Coinbase’s Base network was launched on August 9th, there
